Explanation
The Director of the Department of Neighborhoods, on behalf of the city, entered into a service contract with Neighborhood Design Center (NDC) in 2018 via 1458-2018, for services to be funded from the Neighborhood Stabilization Program (NSP) grant 2 program income ($350,000). Appropriation needs to be transferred from NSP grant 2 program income to the Community Development Block Grant (CDBG, Fund 2248) in order to comply with program requirements and compliance. Also, cash needs to be transferred from the CDBG fund (2248) to NSP 2 program income to reimburse the ineligible expense ($250,568.69).
EMERGENCY DESIGNATION
This ordinance is submitted as an emergency so as to allow these financial transactions to be posted in the City's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
FISCAL IMPACT
There is no fiscal impact to the City. This ordinance transfers existing appropriation and cash between City funds.
Title
To authorize and direct the City Auditor to provide for the transfer and appropriation of $250,568.69 from CDBG fund (2248) to NSP grant 2 (2220-G451036); and to authorize the Director of Neighborhoods to expend $99,431.31 from the CDBG fund (2248) from NSP 2 (2220-G451036) for the NDC contract; and to declare an emergency ($350,000.00).
Body
WHEREAS, the city expended funds from NSP 2 (2220-G451036) on a contract with NDC; and
WHEREAS, it is necessary to transfer appropriation from the NSP 2 fund (2220-G451036) to CDBG fund (2248) and to authorize the Director of Neighborhoods to expend the remaining funds for the contract with NDC ($99,431.31); and
WHEREAS, it is necessary to transfer funds ($250,568.69) from the CDBG fund (2248) to NSP 2(2220-G451036) in order to reimburse ineligible expenditure on the contract with NDC; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Neighborhoods in that it is immediately necessary to t...
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